March 20 (Reuters) - China Hongqiao Group 1378.HK,
March 20 (Reuters) – China Hongqiao Group 1378.HK, the world’s greatest private-sector producer of aluminium, will this yr publish targets for decrease carbon emissions and an motion plan on methods to attain them, its chairman Zhang Bo mentioned on Saturday.
China’s energy-intensive aluminium smelting business emitted extra CO2 than total international locations comparable to Indonesia final yr, based on suppose tank Ember, and is coming beneath stress to attract up plans according to nationwide objectives to begin decreasing emissions earlier than 2030 and turn into carbon impartial by 2060.
The 2 greatest steelmakers in China have already introduced plans to realize carbon neutrality by 2050.
Talking on the China Improvement Discussion board, Zhang mentioned his firm was working with well-known home and worldwide establishments and companions to formulate its carbon objectives, although he didn’t title the establishments concerned.
Hongqiao affiliate Shandong Weiqiao Pioneering Group and state-owned rival Aluminum Corp of China in January issued a joint proposal on how the Chinese language aluminium sector ought to scale back emissions.
The corporate’s carbon targets and motion plan might be introduced to the general public inside this yr, Zhang mentioned, based on a transcript of his speech printed on an official WeChat account.
“We hope to discover particular paths and strategies for the low-carbon transformation of China’s aluminium business,” he advised the Discussion board, a high-level enterprise gathering hosted by a basis beneath the State Council, China’s cupboard.
Hongqiao, which produced 5.62 million tonnes of major aluminium in 2020, has moved some smelting capability to southwest China to make use of cleaner hydropower and can be pursuing an aluminium recycling undertaking in its dwelling province of Shandong.
(Reporting by Tom Daly Enhancing by David Holmes)
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